US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure
September 19, 2024Your subscription includes
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U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure
September 19, 2024Robinhood's entry into futures trading this year could be met with some caution by retail traders if it charges a fee, J.P.
August 08, 2024The next U.S. administration will be "constructive" on crypto regardless of which party wins, Coinbase CEO Brian Armstrong said late on Thursday,
August 02, 2024As PayPal embarks on an ambitious turnaround strategy to revitalize growth after a post-pandemic slump, Wall Street analysts expressed some caution over
July 31, 2024Visa's underwhelming third-quarter revenue prompted a number of brokerages to cut their price targets on the company's stock, stoking concerns about slowing
July 24, 2024First Foundation shares slumped roughly 24% on Wednesday to their lowest since November after the Texas-based lender with a huge portfolio of multifamily
July 03, 2024U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.
April 16, 2024Wells Fargo, Bank of America and Citigroup reduced their workforces by a combined 17,700 last year, the banking giants reported in their fourth-quarter
April 26, 2024New York Community Bancorp's shares reversed course to trade down 4% as a deal to sell $5 billion of mortgage warehouse loans failed to assuage investors
May 15, 2024Traders shorting New York Community Bancorp's stock were sitting on more than $42 million of losses on Wednesday after the lender's better-than-expected
May 16, 2024Robinhood Markets' suite of new products, including its credit card and futures trading platform, will be crucial to drive growth as market fluctuations
May 24, 2024